Medicare Bond – DEMOS Bond

Medicare Bond – DMEPOS

Medicare Bond also is known as DMEPOS is required by the Centers for Medicare & Medicaid Services (CMS). On December 29, 2008, they announced regulations requiring suppliers of certain durable medical equipment, prosthetics, orthotics, and supplies to post a surety bond as a condition of new or continued Medicare enrollment.
The regulation states that suppliers seeking to enroll or changing the ownership of a DMEPOS supplier must submit a $50,000 surety bond for each assigned NPI for which the DMEPOS supplier is seeking to obtain Medicare billing privileges. Existing DMEPOS suppliers must submit to the NSC a $50,000 surety bond for each assigned NPI no later than October 2, 2009.
DMEPOS supplier enrolling a new practice location must submit to the NSC a new surety bond or an amendment or rider to the existing bond, showing the new practice location is covered by an additional base surety bond of $50,000. Suppliers who have certain adverse legal actions imposed against them in the past may be required to post a higher bond amount. The final regulations permit the NSC to require DMEPOS suppliers to obtain a base surety bond of $50,000 and an elevated surety bond of $50,000 for each occurrence of an adverse legal action within ten years preceding enrollment, revalidation, or re-enrollment in the Medicare program.
Some companies or organizations that supply DMEPOS are exempt from the surety bond requirements. Such exemptions include:
Some companies or organizations that supply DMEPOS are exempt from the surety bond requirements. Such exemptions include:
  • Certain physician and non-physician practitioners
  • Physical therapists
  • Occupational therapists
  • State-licensed orthotic and prosthetic personnel
  • Government-owned suppliers
Medicare Bond, DMEPOS Bond for $50,000 Rate Start From $250 for applicants with acceptable credit.

 

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